RISEE Act of 2022
Summary
The RISEE Act of 2022 would change how the federal government distributes money earned from offshore energy production, including both wind and fossil fuels. Currently, most revenue from offshore wind goes to the U.S. Treasury; this bill would instead share a portion of those funds directly with coastal states to support local projects.
For citizens, this means more funding would be available for coastal communities to protect against sea-level rise, restore damaged ecosystems, and improve local infrastructure. By increasing the share of energy revenue sent back to states, the bill aims to help coastal regions pay for expensive flood prevention and conservation efforts without relying solely on local taxes.
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Lifecycle of the Bill
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